This stock is definetly primed to go up soon. On this board alone there are 6-7 people including myself that are about to buy more shares. That alone will cause a short spike in price.
I consider this the calmness before the storm.
We just survived the bad news from the DEA without to much of a price drop off.
I expect september to be the last month at a good entry price in most marijuana stocks. Maybe October but I wont gamble and wait that long.( good ones will be higher by then) Lets face it this whole sector is going to go up.
Many People that were burned in he past 2 years that bought high including myself.
Some are reluctant to invest more and try again and they will miss out.
The whole sector started to go down when Florida failed to pass by 2.5 percent. There should be a better out come this time that will blow this pot bubble bigger and badder than ever before! (If you think youre unhappy now with your losses just wait until the elections and when you see what your gains would have been)
Regardless of how much dilution or how good or bad this company performs the price of the stock will go up
Come Nov on increased volume alone...
The real test for this company and many others to get out of the pennies and into the dollars will be the election results.
If you want to double maybe triple your money you can buy now and sell right before the elections for a safe and very profitable play.
If you want to be RICH and I mean really RICH you will gamble and hold for the voting results.
If California and Florida pass this stock and sector will SKYROCKET. Anyone who put in over 10,000-20,000 into PHOT stock at its price now will become a millionare if there is a clean sweep by Cali , Arizona , Nevada and Florida. The risk vs reward is definetly worth it for me.
Ive invested in this sector long enough. Ive made money in 2012 and 2014 and lost money when it went back down. I was in CANV and MJNA then. I moved all my interests into PHOT now because I believe it has the highest stock price growth potential. Not because I believe its the best company. I am almost certain it will make a 50x -150x run depending on voting results. I think other popular good stocks like MJNA will see returns of 10x-30x
Hillary wins and she promises to reschedule to level II status.
There are major catalysts coming over the next 3-6 months for this sector and maybe even much longer.
